Trump Pledges 25% Tariffs on EU, Says Bloc Formed to ‘Screw’ US | Daybreak: Europe 02/27/2025

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we’ll tell you what matters for investors in Europe, giving you insight before trading begins.

On today’s show, Nvidia delivered good-but-not-great quarterly numbers on Wednesday, drawing a muted response from investors accustomed to blowout results. Meanwhile, US President Trump gave contradictory answers at a cabinet meeting about his plans to enact tariffs on Canada and Mexico, as well as the European Union. The President says he’ll impose 25% tariffs on the EU ‘very soon’. Trump says he viewed the EU as ‘a different kind of case’ from other situations because he viewed the group as having been ‘formed in order to screw the United States.’

Today’s Guests: AXA CEO Thomas Buberl, Spanish Economy Minister, Carlos Cuerpo & CEO of Proxima Fusion, Francesco Sciortino.

Chapters:
00:00:00 – Daybreak Europe
00:01:09 – Nvidia Gives Mixed Outlook After Two Years of Blowout Earnings
00:08:49 – Trump: EU Formed to Screw US
00:13:41 – EU Faces Blanket 25% Tariffs
00:17:08 – Thomas Buberl, AXA CEO
00:21:48 – Trump to End Chevron License in Venezuela in Blow to Maduro
00:24:26 – UK Prime Minister Keir Starmer Heads to DC
00:28:58 – Trade Turmoil Looms Over G-20 Meeting
00:32:29 – Carlos Cuerpo, Spanish Economy Minister
00:35:57 – Reeves: UK Can Increase Trade With US
00:37:36 – UK PM to Mett Trump in Washington
00:40:44 – Proxima Fusion Claims Fusion Find
00:42:24 – Francesco Sciortino, CEO of Proxima Fusion
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